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Trading Dow Jones: Bullish momentum likely

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Momentum: MACD: Positive RSI: Neutral Trend Stochastic: No clear signal in overbought territory Daily Price Action Trend: Neutral Last relevant high: 16,511.8 Last relevant low: 15,503.0 Comment: The Dow ended Friday’s session marginally lower, in a generally uninspiring session. Yes we do have a sell pattern formed, but with the market closing only 20 points below its opening value any bullish momentum could quickly see this pattern reversed. A buy pattern will be completed if 16,411.0 is

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